BX Thailand Trading Platform Features: BX Thailand is a Bitcoin trading platform operated by a Thai Bitcoin Limited Liability Company. The platform charges a 0.25% trading fee on every transaction. In addition to supporting Bitcoin and Thai Baht trading, BX Thailand also supports various altcoins like Litecoin, Dogecoin, Stellar, and many more. Especially after the Justcoin exchange closed down, the trading volume of Stellar increased significantly on BX Thailand.
BX Thailand (BX.in.th) provides proof of funds held by the platform by listing all unspent input addresses. Users can request the platform operator to sign for each address to prove that the address is actually controlled by the trading platform.
BX Thailand (BX.in.th) allows users to use accounts from multiple banks in Thailand, such as Kasikornbank, Siam Commercial Bank, TMB Bank, and Bangkok Bank.
BX Thailand (BX.in.th) takes security very seriously and has implemented a number of preventative measures, including:
Providing two-factor authentication (and recommending it)
The company owners are the only people who can physically access the wallet servers
Wallet servers are fully encrypted and do not allow external connections
The website front-end does not run on the same server as the wallet servers
The website front-end can never directly access the wallet servers
80-90% of our funds are kept offline in cold storage
All large withdrawals are manually processed and checked by humans
All code is written in-house by our own staff; we do not use any other existing exchange software.
How long does it take for BX Thailand (BX.in.th) withdrawals to process?
Thai Baht withdrawals processing time will vary depending on a number of variables such as the volume of withdrawals on that day, the withdrawal amount, the bank branch, and the bank branch location.
Withdrawal exits are allowed for up to 24 hours; however we process them as quickly as possible and in most cases it will be much faster than 24 hours.
Cryptocurrency withdrawals are processed automatically every 5 minutes, but larger withdrawals that require manual approval or retrieval from cold storage can take up to 12 hours.
It is also worth noting that our system is designed with security as a top priority and all balances are audited in real-time before each withdrawal. If the audit number needs to be checked at any time, such as during a time of moving funds between cold and hot storage, then automated withdrawals will be slower.